Submitting porting applications

Porting

The majority of our residential mortgage products are normally portable, unless specifically stated otherwise. This means that the benefits of your client’s existing mortgage (up to the outstanding balance of their current mortgage) can be transferred to their new home, subject to our lending criteria at the time of any move. For porting applications, any early repayment charges will not be charged but the existing interest rate will not apply to any additional funds your client borrows unless it is our Standard variable rate.